MADOFF'S MONTAUK RETREAT IS SOLD

Published: September 18, 2009

PHOTOS: The Long Island beachfront home of Bernard L. Madoff, with four bedrooms and 3,000 square feet, fetched more than the $8.75 million asking price, a spokesman for the broker, the Corcoran Group, said Thursday. The buyer and the price were not disclosed.
The proceeds will go to victims of Mr. Madoff's Ponzi scheme. Two other Madoff homes remain for sale.(PHOTOGRAPHS BY GORDON M. GRANT FOR THE NEW YORK TIMES; DOUG KUNTZ FOR THE NEW YORK TIMES)